IAFCI Webinar How AI Could Destroy the Multifactor Authentication Process for FIs & Cause a..

IAFCI Webinar January 22, 2025

How Al Could Destroy the Multi-Factor Authentication Process for FIs & Cause a Tsunami of High-Tech Enabled Scams

TIME: 1:00 pm EDT |12:00 pm CDT |10:00 am PDT
IAFCI Complimentary Webinar Hosted by CrimDex

On November 13, 2024, The Financial Crimes Enforcement Network (FinCEN) issued alert FIN-2024-Alert004 entitled, Fraud Schemes Involving Deepfake Media Targeting Financial Institutions. In this six-page document, FINCEN warns the financial industry in the U.S. of one of the gravest potential threats to financial institutions and their ability to authenticate the identity of its customers. Artificial intelligence has mostly been an ally to financial institutions globally in analyzing large amounts of data to help detect, prevent and solve fraud, financial and cybercriminal activities. But make no mistake about it, AI in the hands of the criminal can have catastrophic effects on the financial and retail sector. In this training, we will look at how AI enabled deepfakes and voice cloning may impact multi-factor authentication going forward. We will also explore how these weaponized tools can further enhance criminals’ successes in luring victims into a deeper spell when it comes to romance and investment fraud schemes.

Presenter: IAFCI International President Mark Solomon, Vice President, Special Investigations Team, Synchrony Financial

Mark Solomon is the International President of the IAFCI and co-host of IAFCI Presents…The Protectors Podcast alongside IAFCI Chairman Michael Carroll. Mark is currently a Vice President of a large financial institution and is part of a team responsible for investigating large-scale fraud, financial and cybercrimes in the U.S. Prior to joining the private sector, Mark had a distinguished career in law enforcement having served more than 26 years at the Greenwich Police Department. He spent a great majority of his career assigned as a task force officer with the U.S. Secret Service in Connecticut. Mark has received multiple awards, recognitions and accommodations throughout his career as an investigator. In addition to investigating criminal activities, Mark has been passionate about educating law enforcement, the private sector, and the public on fraud prevention and investigating fraud, financial and cybercriminal activities. Mark is also an adjunct professor with the University of New Haven’s Masters of Investigations Program
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Note: Complimentary for IAFCI, and CrimeDex Members Only. GoTo Webinar Platform. IAFCI Members, you will be asked to sign in.

This webinar is restricted to 1,000 attendees. All registered attendees will receive the recorded link by email, IAFCI we will also have the recorded link posted to the Members Only, Training Events > Webinars & Past Recordings, by the following day.
CPE Credits: The IAFCI administers the CPE credit upon request. Complimentary for IAFCI or CrimeDex Members only.
IAFCI Members, who are CFCI Certified or CCCI Certified, 2 points are earned per webinar toward your re-certification.